Market Watch

A Sampling of Advisory Opinion

JULY 12 ~ Virtually all of the economic news the past three weeks confirms that the recovery is solidifying. How strong the recovery will be is still an open question. We think it will run on the order of a 4% rate, our long-held view. The employment report, released July 5, showed a considerably slower pickup in employment in June than Wall Street expected. Immediately, the Wall Street crew, which can turn on a dime,...